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Wednesday, 10 April 19
CHINA'S GROWING THERMAL COAL SUPPLY TO PRESSURE EXPORTERS - FITCH RATINGS
 Growing Chinese thermal coal supply is likely to lead to further tightening of import controls by the government, putting pressure on seaborne coal prices and adding order uncertainties for exporters, Fitch Ratings and CRU say. Miners from Australian and Indonesia are the most exposed, but the credit impact is muted thanks to sufficient rating headroom as we have already incorporated a downward pricing trend in our rating assumptions.
The Chinese coal market’s tightness has eased due to a combination of weaker demand and improved domestic supplies. Chinese coal demand has declined as residential power consumption reduced at the end of the winter heating season in mid-March and hydro supply increased in south China due to heavy rains. Chinese domestic coal supply has gradually improved in recent quarters as the pace of capacity closures has slowed and incremental capacity has been expedited to bring down fuel costs, according to CRU. Inventories at the six main power producing groups edged up to 16.0 million tonnes in late March, 13% higher than the average for 2018 of 14.1 million tonnes.
Growing domestic supply is likely to prompt the Chinese government to tighten control over thermal coal imports. This would imply higher order volatility and risks for seaborne coal suppliers targeting the Chinese market, which are mainly miners in Australia and Indonesia. The Chinese government appears to have adopted an on-and-off importing policy since 2017 by implementing stricter checks when domestic supply is sufficient and speeding up clearing when domestic supply is tight. Australian coal cargoes, for example, have been facing increasing delays clearing customs at Chinese ports since February, according to CRU.
While seaborne coal remains price competitive compared to domestic coal, risks of long clearing time and import bans may discourage Chinese consumers from using seaborne coal, especially when domestic supply is sufficient.
Australian coal producers are likely to face the risk of order cancellation, and to some degree, be forced to compete for sales in alternative countries. This may lead to weak prices in the seaborne market, especially for the mid-content-value coal of around 5,500kcal/kg that Chinese importers typically buy from Australia.
Imports from Indonesia have been less affected by the recent Chinese controls, according to press reports, although Indonesian producers are still likely to come under pressure to find new markets due to overall declining Chinese demand for seaborne coal, as well as increasing Indonesian domestic output, and weaker-than-expected domestic demand.
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Thursday, 10 January 19
BUNKER DELIVERY NOTE AMENDMENTS ENTER INTO FORCE AS SULPHUR 2020 REQUIREMENT LOOMS - IMO
KNOWLEDGE TO ELEVATE
Amendments to the bunker delivery note relating to the supply of marine fuel oil to ships which have fitted alternative m ...
Thursday, 10 January 19
WORLD TRADE IN THERMAL COAL IS ESTIMATED TO HAVE GROWN BY 1.0 PER CENT IN 2018 - DEPARTMENT OF INDUSTRY, AUSTRALIA
World Trade
World trade in thermal coal is estimated to have grown by 1.0 per cent to 1.1 billion tonnes in 2018 but it is expected to decline ...
Thursday, 10 January 19
PAKISTAN'S COAL IMPORTS TO SURGE TO 30 MILLION TONS PER ANNUM BY 2020 - CEO, PIB
Pakistan’s coal imports are estimated to surge to 30 million tons/annum from existing 20 million tons/annum by the year 2020, given the plann ...
Wednesday, 09 January 19
PANAMAX: THE PACIFIC SAW RELATIVELY GOOD DEMAND PARTICULARLY FROM INDONESIA AND NOPAC - BALTIC BRIEFING
Capesize
It was an active start to the New Year, with trading from West Australia maintaining momentum during the holiday period. Rates for Chi ...
Wednesday, 09 January 19
SHIPPING MARKET INSIGHT - INERMODAL
Paraphrasing the words of a Chief economist in a latest report of the World Bank Group, the current state of the shipping market very much resemble ...
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Showing 1496 to 1500 news of total 6871 |
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- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Planning Commission, India
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
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